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NPLs of Montenegro's banks at 7.1% in October - c-bank

NPLs of Montenegro's banks at 7.1% in October - c-bank Source: Central Bank of Montenegro

PODGORICA (Montenegro), December 7 (SeeNews) - Montenegro's central bank said the share of non-performing loans in the banking system  stood at 7.1% at the end of October.

The nominal value of NPLs in Montenegro's bank system decreased to 194.2 million euro ($228.7 million) at the end of October, down 25.9% on the year, the central bank said in a statement earlier this week.

Foreign direct investments in Montenegro in the first nine months of 2017 increased by 10.6% year-on-year to 311.7 million euro, the central bank said after a meeting of Montenegro's financial stability council chaired by central bank governor Radoje Zugic.

In September, Zugic said the share of non-performing loans in the country's banking system had declined to 7.82% at the end of August from 8.18% a month earlier.

($ = 0.848953 euro)

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